Comments:-
As Intelligent Investor, i would like to rate BUY BSTEAD for long term play. With acquisition of Pharmaniaga, the BSTEAD will able to increase its EPS rapidly. We should able to see the change. BSTEAD is out of favor stock, we like this stock because out from Analyst's radar.

"Boustead Holdings will utilise internally generated funds and bank borrowing for the proposed acquisition," Lodin Wok told reporters after the signing of a Sales and Purchase Agreement (SPA) between Boustead Holdings and UEM Group here Friday

Thursday, June 10, 2010

LONDON (MarketWatch) -- Oil giant BP /quotes/comstock/23s!a:bp. (UK:BP.352.80, -38.75, -9.90%) /quotes/comstock/13*!bp/quotes/nls/bp (BP29.20, -5.48, -15.80%) , which is currently battling to contain a massive oil spill in the Gulf of Mexico, said Thursday that it's not aware of any reason to justify a steep drop in its share price in U.S. trading on Wednesday. BP's U.S.-traded shares slumped 16% to close at $29.20 on heavy volume as questions mounted over whether it can afford to clean up the worst environmental disaster in U.S. history. BP said Thursday that it continues to keep the market updated on the spill through regular announcements and the response to this incident is its top priority. It added that significant additional cash flow, below-target gearing and a strong asset base above gives it significant capacity and flexibility in dealing with the cost of responding to the incident, the environmental remediation and the payment of legitimate claims. The cost of the response to date is approximately $1.43 billion, it noted

Comments:-
Lembaga Tabung Angkatan Tentera is major stakeholder. Insider like Lembaga Tabung Angkatan Tentera is the one,who understand well the management, asset structure and profit in this company. Expect coming soon, this company is expanding rapidly and increase its profit.